TravelSky Technology Limited (TVL) - Net Assets

Latest as of June 2025: €23.68 Billion EUR ≈ $27.68 Billion USD

Based on the latest financial reports, TravelSky Technology Limited (TVL) has net assets worth €23.68 Billion EUR (≈ $27.68 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€32.12 Billion ≈ $37.55 Billion USD) and total liabilities (€8.45 Billion ≈ $9.87 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check TravelSky Technology Limited (TVL) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€23.68 Billion
% of Total Assets	73.71%
Annual Growth Rate	8.53%
5-Year Change	22.0%
10-Year Change	87.97%
Growth Volatility	5.59

TravelSky Technology Limited - Net Assets Trend (2013–2024)

This chart illustrates how TravelSky Technology Limited's net assets have evolved over time, based on quarterly financial data. Also explore how large is TravelSky Technology Limited's balance sheet for the complete picture of this company's asset base.

Annual Net Assets for TravelSky Technology Limited (2013–2024)

The table below shows the annual net assets of TravelSky Technology Limited from 2013 to 2024. For live valuation and market cap data, see TravelSky Technology Limited (TVL) total market value.

Year	Net Assets	Change
2024-12-31	€22.90 Billion ≈ $26.77 Billion	+8.94%
2023-12-31	€21.02 Billion ≈ $24.57 Billion	+6.47%
2022-12-31	€19.74 Billion ≈ $23.08 Billion	+2.66%
2021-12-31	€19.23 Billion ≈ $22.48 Billion	+2.46%
2020-12-31	€18.77 Billion ≈ $21.94 Billion	-2.42%
2019-12-31	€19.23 Billion ≈ $22.49 Billion	+10.36%
2018-12-31	€17.43 Billion ≈ $20.37 Billion	+9.88%
2017-12-31	€15.86 Billion ≈ $18.54 Billion	+11.97%
2016-12-31	€14.16 Billion ≈ $16.56 Billion	+16.29%
2015-12-31	€12.18 Billion ≈ $14.24 Billion	+15.17%
2014-12-31	€10.58 Billion ≈ $12.36 Billion	+13.72%
2013-12-31	€9.30 Billion ≈ $10.87 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to TravelSky Technology Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 188.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	€13.49 Billion	60.48%
Other Components	€8.81 Billion	39.52%
Total Equity	€22.30 Billion	100.00%

TravelSky Technology Limited Competitors by Market Cap

The table below lists competitors of TravelSky Technology Limited ranked by their market capitalization.

Company	Market Cap
Xiamen XGMA Machinery Co Ltd SHG:600815	$1.14 Billion
Jiangxi Xinyu Guoke Technology Co Ltd Class A SHE:300722	$1.14 Billion
Hengkang Medical Group Co Ltd SHE:002219	$1.15 Billion
Ningbo Henghe Mould Co Ltd SHE:300539	$1.15 Billion
Gui Zhou Tyre Co Ltd SHE:000589	$1.14 Billion
CHIPMOS TECH.ADR 20 TA10 F:CPIA	$1.14 Billion
Top Energy Shanxi Co Ltd SHG:600780	$1.14 Billion
ShenZhen Kondarl Group Co Ltd SHE:000048	$1.14 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in TravelSky Technology Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 20,471,132,411 to 22,304,829,222, a change of 1,833,696,812 (9.0%).
Net income of 2,074,272,595 contributed positively to equity growth.
Dividend payments of 517,761,080 reduced retained earnings.
Other factors increased equity by 277,185,297.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	€2.07 Billion	+9.3%
Dividends Paid	€517.76 Million	-2.32%
Other Changes	€277.19 Million	+1.24%
Total Change	€-	8.96%

Book Value vs Market Value Analysis

This analysis compares TravelSky Technology Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.14x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-12-31	€5.27	€1.05	x
2018-12-31	€5.81	€1.05	x
2019-12-31	€6.42	€1.05	x
2020-12-31	€6.25	€1.05	x
2021-12-31	€6.41	€1.05	x
2022-12-31	€6.57	€1.05	x
2023-12-31	€7.00	€1.05	x
2024-12-31	€7.62	€1.05	x

Capital Efficiency Dashboard

This dashboard shows how efficiently TravelSky Technology Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 9.30%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 23.51%
• Asset Turnover: 0.30x
• Equity Multiplier: 1.33x
Recent ROE (9.30%) is below the historical average (10.76%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2013	13.28%	26.74%	0.40x	1.23x	€297.96 Million
2014	16.02%	30.97%	0.42x	1.23x	€620.73 Million
2015	16.15%	34.99%	0.37x	1.25x	€729.33 Million
2016	17.56%	38.90%	0.34x	1.32x	€1.04 Billion
2017	14.58%	33.39%	0.33x	1.33x	€706.09 Million
2018	13.67%	31.12%	0.34x	1.30x	€624.07 Million
2019	13.54%	31.31%	0.34x	1.26x	€665.14 Million
2020	1.98%	6.61%	0.24x	1.24x	€-1.47 Billion
2021	2.94%	10.07%	0.23x	1.29x	€-1.32 Billion
2022	3.26%	12.04%	0.21x	1.31x	€-1.30 Billion
2023	6.83%	20.03%	0.25x	1.34x	€-648.16 Million
2024	9.30%	23.51%	0.30x	1.33x	€-156.21 Million

Industry Comparison

This section compares TravelSky Technology Limited's net assets metrics with peer companies in the Information Technology Services industry.

Industry Context

Industry: Information Technology Services
Average net assets among peers: $219,053,659
Average return on equity (ROE) among peers: -9.47%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
TravelSky Technology Limited (TVL)	€23.68 Billion	13.28%	0.36x	$1.14 Billion
CLPS INC. DL-0001 (1UK)	$67.80 Million	6.57%	0.50x	$22.08 Million
Globant SA (2G2)	$160.19 Million	19.76%	0.39x	$1.81 Billion
Solutions 30 SE (30L3)	$191.55 Million	11.22%	2.64x	$73.59 Million
Genpact Limited (35G)	$1.69 Billion	18.05%	1.64x	$5.38 Billion
NANOSPHERE (3NS)	$744.08K	-186.51%	2.14x	$1.14 Million
CPT GLOBAL LTD (714)	$5.63 Million	26.15%	1.60x	$2.11 Million
PASSUS S.A. ZY-1 (71X)	$19.80 Million	21.83%	2.69x	$57.96 Million
REVEZ CORPORATION LTD. (7IQ)	$6.17 Million	-11.87%	0.18x	$131.66K
XTM INC. (7XT)	$-29.08 Million	0.00%	0.00x	$1.23 Million
TPXIMPACT HOLDINGS LS-01 (9L7)	$78.56 Million	0.12%	0.60x	$35.61 Million

About TravelSky Technology Limited

F:TVL Germany Information Technology Services

Market Cap

$1.14 Billion

€979.19 Million EUR

Market Cap Rank

#8537 Global

#1097 in Germany

Share Price

€1.05

Change (1 day)

-0.94%

52-Week Range

€1.01 - €1.42

All Time High

€1.79